No Fee Overdraft up to $50.

Avoid overdraft fees with a secure online checking account.

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30,000+ 5-Star App Reviews

How banking with no overdraft fees works

No Fee Overdraft gives you the flexibility to overdraw your account up to $50 on any transaction made with your Varo Visa® Debit Card once you qualify. There are absolutely no fees or interest charges.

Meet both of these requirements to qualify:

  • Make at least five qualifying Varo Visa® Debit Card purchases in each calendar month AND
  • Receive total payroll or government direct deposits of $1,000 or more in the same calendar month.

Once you qualify, enroll by turning on No Fee Overdraft in the app. See full terms and conditions here.

Easy overdraft payback

Get the coverage you need, then repay the overdraft within 30 days from when your balance first goes negative. Repayment is automatically deducted from your next deposit.

This is breathing room
for your budget

Maybe you accidentally overspent at the store, or you were in a pinch at the gas station and needed to fill your car.

An online checking account with No Fee Overdraft up to $50 gives you space in your budget when you need it. If you use the feature at the gas station, it’s best to pay inside at the cashier instead of the pump.

Any questions on No Fee Overdraft? Get answers here.

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In 2018, financial institutions made $34.5 billion on overdraft fees.*

  • Overdraft fee^ Max. Overdraft fees in one day
  • Varo
  • Chase
  • Wells Fargo
  • Bank of America

Get a Varo Bank Account today!

Applying won’t impact your credit score.

All Rights Reserved by Varo © 2020

Varo Money, Inc. | NMLS #: 1547251 | Licenses | NMLS Consumer Access

*Source: Moebs:

^Source: NerdWallet:

Bank Account Services provided by The Bancorp Bank. Your deposits are FDIC insured to at least $250,000 through The Bancorp Bank; Member FDIC. The Varo Visa Debit Card is issued by The Bancorp Bank pursuant to a license from Visa U.S.A. Inc and may be used everywhere Visa debit cards are accepted.

See the Varo Bank Account and Varo Savings Account Agreement for terms and conditions.